For Sale
$2,300,000

2575 70Th StShreveport, LA 71105

High-return auto shop investment. Strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 12,720 square foot, single-tenant net-leased retail property occupied by Gerber Collision & Glass. Located at 2575 E 70th St, Shreveport, LA 71105, on a 1.29-acre lot, this property boasts a strong 6.48% cap rate and a substantial net operating income (NOI) of $149,055. The building, constructed in 2000, is a single-story structure with C-3 zoning. Gerber Collision & Glass, a subsidiary of Boyd Group Services Inc., a publicly traded Canadian corporation, holds a 10-year lease commencing March 18, 2022, with a remaining term of approximately 7.3 years. The lease includes a 10% rental increase every five years, extending through option periods. The property's price per square foot is $180.82, and the asking price is $2,300,000. The tenant recently completed roof replacements with a 20-year warranty starting January 2024. This investment offers a secure, high-performing asset with significant long-term growth potential in a prime retail location. The property's occupancy is 100%, with an occupancy date of March 18, 2022. This is a rare opportunity to acquire a well-established, high-performing asset in a stable market.

Highlights

  • 12,720 SF single-tenant net-leased retail building occupied by Gerber Collision & Glass.
  • Located at 2575 E 70th St, Shreveport, LA 71105, on a 1.29-acre lot.
  • Strong 6.48% cap rate and $149,055 NOI.
  • 10-year lease (March 18, 2022 commencement) with approximately 7.3 years remaining, including 10% rent increases every five years.
  • Asking price: $2,300,000 ($180.82/SF).
  • Recently completed roof replacement with a 20-year warranty (January 2024).

Property Details for 2575 70Th St

Property type
Retail properties, Auto shops
Square Feet
12,720 SF
Year Built
2000
Buildings
1
Stories
1
Lot Size (sq. ft)
56,192 SF

Location Insight

City
Shreveport
County
Caddo Parish
State
Louisiana
Latitude
32.4520306
Longitude
-93.6941306
2575 70Th St, Shreveport, Louisiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2575 70Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message